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my personal view he does not want an agreement with republicans, he wants us to go over the fiscal cliff because republicans will get flamed and we will have a different scenario with the lowest rate not being 10%, but 15%, top rate of 35 to 40%, 42. and then tax cuts. david: the responsibility of political purposes is astounding to me. the only contradicting what he said a year ago, but got taken the advice of some of the top economic advisors that will go into recession. >> it is astounding. they also applies going over the fiscal cliff for that very reason. they want top tax rates to go up and are focusing on rates rather than revenue. we would have lower revenue took away some of these deductions. david: if we go into a recession, we will get far less revenue, nothing kills revenue coming into the treasury like a recession. there is no dispute about it. if you want to lose 100, $200 in tax revenue you go into a recession. all the money he thinks he's going to get from rich people by hiking the tax rate will be lost, double lost by going into a recession. >> that is exactly right. tha
my personal view he does not want an agreement with republicans, he wants us to go over the fiscal cliff because republicans will get flamed and we will have a different scenario with the lowest rate not being 10%, but 15%, top rate of 35 to 40%, 42. and then tax cuts. david: the responsibility of political purposes is astounding to me. the only contradicting what he said a year ago, but got taken the advice of some of the top economic advisors that will go into recession. >> it is...
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and america's america braces to itself to plunge off the fiscal cliff as democrats and republicans over taxes and imminent tax rate defaults. moscow says that the refusal refusal of serious k. opposition coalition to enter into dialogue with the government is a road to nowhere and will only result in further bloodshed at a meeting with international peace envoy to syria lakhdar brahimi foreign minister sergey lavrov reiterated that dialogue is the only means to resolve the conflict he has also stated on numerous occasions that although russia condemns the methods the syrian army is using in the war it will take no part in regime change in his and his his response to the leader of syria's key rebel group who demanded moscow apologies for what he described as support for president. i understand that mr hood is probably not very experienced in politics if he's looking to be a serious politician it is in his interest to hear our position from us and not from the media that sometimes disk. information so i'll repeat we're ready to talk to or opposition forces but we start from the premise th
and america's america braces to itself to plunge off the fiscal cliff as democrats and republicans over taxes and imminent tax rate defaults. moscow says that the refusal refusal of serious k. opposition coalition to enter into dialogue with the government is a road to nowhere and will only result in further bloodshed at a meeting with international peace envoy to syria lakhdar brahimi foreign minister sergey lavrov reiterated that dialogue is the only means to resolve the conflict he has also...
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as the fiscal cliff approaches reuters reports republicans are aiming to vote today in the house on a plan which obama probably says he would veto meanwhile fitch has warned the u.s. could lose its aaa credit rating if washington doesn't get a deal to treat what we call to qana riya know this may all feel like deja vu and maybe it will all turn out fine maybe it won't though where do you want to place your bets we'll talk to the daily reckonings eric bryant and joe bowman about their choices plus a german study finds paying taxes has a positive impact on a person's subjective well being no word on what the findings would bring in the west but if you are counting on taxation to make you feel like your quality of life is on the up and up state side we'll talk about some other economic options and the opec of maple syrup has been robbed millions of dollars worth of the hot commodity has been stolen from canada's maple syrup cartel yes cartel i said maple syrup cartel and those are not my words that's according to the new york times we'll talk about it in loose change let's get to today's
as the fiscal cliff approaches reuters reports republicans are aiming to vote today in the house on a plan which obama probably says he would veto meanwhile fitch has warned the u.s. could lose its aaa credit rating if washington doesn't get a deal to treat what we call to qana riya know this may all feel like deja vu and maybe it will all turn out fine maybe it won't though where do you want to place your bets we'll talk to the daily reckonings eric bryant and joe bowman about their choices...
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fiscal cliff standoff. take a listen. >> congress has not been able to get this stuff done, not because democrats in congress don't want to go ahead and cooperate, but because i think it's been very hard for speaker boehner and republican leader mcconnell to accept the fact that taxes on the wealthiest americans should go up a little bit as part of an overall deficit reduction package. >> how accountable are you for the fact that washington can't get anything done and that we are at this deadline again? >> i have to tell you, david, if you look at my track record over the last two years, i cut spending by over $1 trillion in 2011. i negotiated with speaker boehner in good faith and moved more than halfway in order to achieve a grand bargain. i offered over $1 trillion in additional spending cuts. at a certain point if folks can't say yes to good offers, then i also have an obligation to the american people. >> michael steele, some republicans were quick to criticize the president's tone. speaker boehner res
fiscal cliff standoff. take a listen. >> congress has not been able to get this stuff done, not because democrats in congress don't want to go ahead and cooperate, but because i think it's been very hard for speaker boehner and republican leader mcconnell to accept the fact that taxes on the wealthiest americans should go up a little bit as part of an overall deficit reduction package. >> how accountable are you for the fact that washington can't get anything done and that we are at...
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government is going over the fiscal cliff, even as senate republicans and the white house reported progress had been made, but house republicans say they will not vote on anything tonight. good evening. i'm judy woodruff. >> suarez: and i'm ray suarez. on the newshour tonight, we have the latest on today's developments, including an update from todd zwillich of public radio international, who's been tracking the story on the hill. >> woodruff: then, as secretary of state hillary clinton is hospitalized with a blood clot, we examine their causes and possible treatments. >> suarez: margaret warner talks to jonathan martin and glenn thrush of politico. their new e-book focuses on the crucial final month of the presidential race between barack obama and mitt romney. test. >> barack obama didn't perform that well until late and romney didn't perform the campaign well. campaign management is more important than an individual candidate's performance. >> woodruff: from boston, hari sreenivasan reports on a city- wide effort to keep kids engaged in education through meaningful work experiences. >> w
government is going over the fiscal cliff, even as senate republicans and the white house reported progress had been made, but house republicans say they will not vote on anything tonight. good evening. i'm judy woodruff. >> suarez: and i'm ray suarez. on the newshour tonight, we have the latest on today's developments, including an update from todd zwillich of public radio international, who's been tracking the story on the hill. >> woodruff: then, as secretary of state hillary...
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leaders from agreeing to a budget deal of additional revenues to avert the so-called fiscal cliff. >> thought it all. first of all, understand the tea party is found a political party. it is a group of people across the country that have a commitment to a set of principles. they believe economic growth is the first, most important need of this country, which means get the government to stand down, put obstructing growth. in so many ways, not of least was the epa. >> that was dick armey. kenneth vogel, talk about what is happening with the fiscal cliff right now in the major divisions within the republican party. you follow the conservative movement within the republican party. >> i think that is the story of the fiscal cliff stalemate, much as it was last year with the stalemate over increasing the debt ceiling. it is, in fact, these tea party members who are elected first in the conservative wave of 2010 when republicans took back the house, and subsequently, there were some additions to the sort of tea party caucuses in both the house and senate in 2012, but many fewer. in fact, ma
leaders from agreeing to a budget deal of additional revenues to avert the so-called fiscal cliff. >> thought it all. first of all, understand the tea party is found a political party. it is a group of people across the country that have a commitment to a set of principles. they believe economic growth is the first, most important need of this country, which means get the government to stand down, put obstructing growth. in so many ways, not of least was the epa. >> that was dick...
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government is going over the fiscal cliff, even as senate republicans and the white house reported progress had been made, but house republicans say they will not vote on anything tonight. good evening. i'm judy woodruff. >> suarez: and i'm ray suarez. on the newshour tonight, we have the latest on today's developments, including an update from todd zwillich of public radio international who's been tracking the story on the hill. >> woodruff: then, as secretary of state hillary clinton is hospitalized with a blood clot, we examine their causes and possible treatments. >> suarez: margaret warner talks to jonathan martin and glenn thrush of politico. their new e-book focuses on the crucial final month of the presidential race between barack obama and mitt romney. test. >> barack obama didn't perform that well until late and romney didn't perform the campaign well. campaign management is more important than an individual candidate's performance. >> woodruff: from boston, hari sreenivasan reports on a city- wide effort to keep kids engaged in education through meaningful work experiences. >> we
government is going over the fiscal cliff, even as senate republicans and the white house reported progress had been made, but house republicans say they will not vote on anything tonight. good evening. i'm judy woodruff. >> suarez: and i'm ray suarez. on the newshour tonight, we have the latest on today's developments, including an update from todd zwillich of public radio international who's been tracking the story on the hill. >> woodruff: then, as secretary of state hillary...
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. >> one of the strategies that republicans could very well allow us to go off the fiscal cliff. a few weeks into january they decide to take the vote on lowering taxes. lowering the race so they can say you know what, we voted to lower taxes. >> that's something that has been talked about. a lot of people were concerned they wanted to go over the fiscal cliff. they wouldn't have to go for a tax increase. then however it becomes no longer extending the bush tax cuts, but the obama tax cuts. president obama is associated with cutting taxes. there is political liability for them as well. the reality is they have to get off of this no tax increase nonsense. i read in the "new york times" the other day, no republican member of congress voted for it since 1990. do you believe that? we had two or three wars since that time? a tragedy at 9/11 and we had hurricane sandy. we had hurricane katrina and despite all of these, they are unwilling to raise them to support and fund our government. what does it say about the dysfunctionality? >> we will have to leave it there. happy holidays to yo
. >> one of the strategies that republicans could very well allow us to go off the fiscal cliff. a few weeks into january they decide to take the vote on lowering taxes. lowering the race so they can say you know what, we voted to lower taxes. >> that's something that has been talked about. a lot of people were concerned they wanted to go over the fiscal cliff. they wouldn't have to go for a tax increase. then however it becomes no longer extending the bush tax cuts, but the obama...
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no official fiscal cliff negotiations between republicans and democrats have been scheduled. not a great deal of progress. >>> with the government right on the edge now of that fiscal cliff, taxpayers are facing a lot of uncertainty as we head into the new year and for many of us the usual year-end financial strategies simply may not apply this year. 7 on your side's michael finney sorts out some of the confusion. >> reporter: when it comes to year end finances the old rules may not add up this year. >> it is difficult to do any type of tax planning and advising because nobody really knows exactly what is going to happen. >> much of the uncertainty centers around whether the united states is about to fall off that a fiscal cliff. if that happens, that would mean the end of the temporary payroll tax cuts. even if that doesn't happen, most believe taxes will go up next year. >> one of the things that is being floated right now is people are advising people to get out of dividend paying funds, high dividend yield funds and move more into tax exempt bonds and things like that tha
no official fiscal cliff negotiations between republicans and democrats have been scheduled. not a great deal of progress. >>> with the government right on the edge now of that fiscal cliff, taxpayers are facing a lot of uncertainty as we head into the new year and for many of us the usual year-end financial strategies simply may not apply this year. 7 on your side's michael finney sorts out some of the confusion. >> reporter: when it comes to year end finances the old rules may...
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just hours until the fiscal cliff deadline, house republicans have pulled a plug. this, after both senate and white house made it clear a deal was very close. >> president obama told supporters this afternoon that there has been progress in avoiding a hike in middle class tax autos preventing that tax hike has been my top priority. >> the president said the deal being worked outwqjx between the senate republican leader mcconnell and vice president will extend current tax rates for households making up to $450,000 per year, increasing estate tax rate from 35% to 40%, and extend unemployment benefits one year. sticking spoint how long to push off massive mandatory spending cuts to the pentagon and domestic program goesing into affect in the new year, democrats want a one year extension, republicans insifrting on sooner. the president issued this warning about cuts only strategy. >> if they think that is going to be the form larks they've got another thing coming. it's not how goitsing to work. >> republicans bristledíróqj2lt remarks. >> it was dismissive and insul
just hours until the fiscal cliff deadline, house republicans have pulled a plug. this, after both senate and white house made it clear a deal was very close. >> president obama told supporters this afternoon that there has been progress in avoiding a hike in middle class tax autos preventing that tax hike has been my top priority. >> the president said the deal being worked outwqjx between the senate republican leader mcconnell and vice president will extend current tax rates for...
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the leadership for being on vacation as the nation teeters on the edge of the so-called fiscal cliff. house republicans are holding a conference call from their districts that should be starting right about now we are told. steny hoyer urged them to come back to work and find a solution. >> i hope they can conclude as we have concluded and i speak for leader pelosi, myself and all of the democratic leadership that we must come back as soon as possible to work together to reach a compromise to assure that we are address the importance legislation that is still pending in this congress. a congress i believe is the least productive, most con front asianal and least compromising congress in which i have concerned and i've been here since 1981. >> that's saying a lot. at this point, it's not clear whether that conference call we mentioned with the house republicans, it's not clear whether that call meant to give members the 48-hour notice to get back to work. with five days before the spending cuts and tax hikes to take effect, we learned today that negotiators are talking. the white hous
the leadership for being on vacation as the nation teeters on the edge of the so-called fiscal cliff. house republicans are holding a conference call from their districts that should be starting right about now we are told. steny hoyer urged them to come back to work and find a solution. >> i hope they can conclude as we have concluded and i speak for leader pelosi, myself and all of the democratic leadership that we must come back as soon as possible to work together to reach a...
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as we approach the fiscal cliff, approach the deadline, the president is still polls better than house republicans in terms of how they dealt with the crisis, better -- if this doesn't end up happening, who gets the lion's share blame, do you think, heading into the next year? will the president still be able to maintain his popularity? >> the president may take a little bit after hit on his popularity as everyone involved in process will p.m. but as you said, the president is sitting on very good job approval ratings compared to congress as a whole and specifically republicans. i think they will get the lion's share of the blame. and to touch on something kelly mentioned in her report about how one of the ideas being discussed is taking the boehner bill of extending all of the bush tax cuts, sending it to the senate and having them amend it, i don't see how you get -- how that would be welcomed among senate democrats because, you know, were would -- why would they vote for that? i think we should look as the -- you know, the cliff notes michael o'brien wrote on nbc news to see where c
as we approach the fiscal cliff, approach the deadline, the president is still polls better than house republicans in terms of how they dealt with the crisis, better -- if this doesn't end up happening, who gets the lion's share blame, do you think, heading into the next year? will the president still be able to maintain his popularity? >> the president may take a little bit after hit on his popularity as everyone involved in process will p.m. but as you said, the president is sitting on...
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cliff. republicans want to see more deficit reduction. democrats say that could come later, but this would be a smaller plan. there are really some serious differences and not a lot of time left. congress has created its own deadline to this so-called fiscal cliff and now has to live by it over the next several hours to see if something can get done. erica? >> kelly o'donnell, thank you. chuck todd is nbc's political director. kelly mentioned some constructive movement but then there's this chasm we keep hearing about. is there a chance for a deal? >> i think -- i want to say yes, there's a chance for a deal! they're not that far apart. it really depends on the political motivations of the people at the negotiating table. you think about joe biden and mitch mcconnell, mitch mcconnell is totally looking at this through a political lens, what is in the best interest of republicans in his view? from what i understand in his view he thinks what's in the best interest of the republican party is g
cliff. republicans want to see more deficit reduction. democrats say that could come later, but this would be a smaller plan. there are really some serious differences and not a lot of time left. congress has created its own deadline to this so-called fiscal cliff and now has to live by it over the next several hours to see if something can get done. erica? >> kelly o'donnell, thank you. chuck todd is nbc's political director. kelly mentioned some constructive movement but then there's...
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. >> we are nowhere when it comes to the fiscal cliff talks. let me tell you what's going to happen today. speaker john boehner, the republican speaker, is going to try to pass what he calls his plan b, which would just simply address tax rates for those making a million dollars or more and that's it. >> john boehner walked away from the obama administration's third offer. a giant, giant compromise. so he didn't like it when they led. he didn't like the 2340eshing. he decided instead to chart his own course called plan b. plan b was supposed to show president obama that republicans had their own solution and instead of bothering with his offer they would just go ahead and pass their own plan without him. that was the idea, anyway. >> there is breaking news to report tonight out of washington. strange breaking news out of washington. within the last hour republican house speaker john boehner appears to have completely lost control of his own caucus. just about an hour ago john boehner was forced to pull his own plan off the floor because it turn
. >> we are nowhere when it comes to the fiscal cliff talks. let me tell you what's going to happen today. speaker john boehner, the republican speaker, is going to try to pass what he calls his plan b, which would just simply address tax rates for those making a million dollars or more and that's it. >> john boehner walked away from the obama administration's third offer. a giant, giant compromise. so he didn't like it when they led. he didn't like the 2340eshing. he decided...
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not the fiscal cliff. that is debt ceiling debate we were talking about. he says give us a checkbook and taking a shot at republicans. that is different from the fiscal cliff. >> andrea: they are intertwined. not separate entities. i point out is the language he used. con plaited republicans holding their children hostage and murdering them. imagine if the republicans said that. you have don't hear about it. you hear about it here. >> kimberly: because we put it on fox news. i like to play a game called seal a new deal. go around the table. >> andrea: taken. >> kimberly: it has? >> andrea: yeah, sorry. >> kimberly: we play this and begin with you. let me know what you think. deal or no deal by the time of the deadline? >> no deal. meeting with the political theater. >> kimberly: andrea? >> andrea: no deal. >> kimberly: he doesn't want one. he is all for -- >> eric: there probably will be something early january. >> eric: it will be a bad deal. squishy republicans -- actually you are mad at everybody. mad at republicans and democrats. >> eric: lawmakers in
not the fiscal cliff. that is debt ceiling debate we were talking about. he says give us a checkbook and taking a shot at republicans. that is different from the fiscal cliff. >> andrea: they are intertwined. not separate entities. i point out is the language he used. con plaited republicans holding their children hostage and murdering them. imagine if the republicans said that. you have don't hear about it. you hear about it here. >> kimberly: because we put it on fox news. i like...
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cliff deal continued, but house republican leaders opted not to vote on anything tonight. that meant the government will >> the house adjourned for tomorrow so the government is guaranteed to go over the fiscal cliff, at least for the moment. and doctors at a new york hospital announced secretary of state hillary clinton has a blood clot between the school and brain. but they said she's making excellent progress. we're capturing new year's eve celebrations around the world and you can be a part of kwame holman has the details. >> holman: we're tracking instagram with the hashtag "nye" to see how people around the world are ringing in 2013. tag yours tonight to be a part of our interactive map. on "ask larry," our social security sage offers tips on maximizing benefits for you and your spouse. and from our partners at kaiser health news, what the new health care law says about gun ownership. all that and more is on our web site, newshour.pbs.org. ray? >> suarez: and that's the newshour for tonight. on tuesday, we have an update on the ongoing recovery efforts in the devasta
cliff deal continued, but house republican leaders opted not to vote on anything tonight. that meant the government will >> the house adjourned for tomorrow so the government is guaranteed to go over the fiscal cliff, at least for the moment. and doctors at a new york hospital announced secretary of state hillary clinton has a blood clot between the school and brain. but they said she's making excellent progress. we're capturing new year's eve celebrations around the world and you can be...
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a positive turn in the fiscal cliff crisis. house republicans agree to meet sunday night to resume talks after a day of finger-pointing and complaining in washington. on wall street, fiscal fears created whiplash for investors: a big stock market sell-off and then bounce back on word that lawmakers are springing back into action. and, if you used your smartphone to shop this christmas, you're in fashion. it was the year's top retail trend. we have that and more tonight on "n.b.r."! a dramatic cliff-hanger today between washington and wall street about the fiscal cliff. stocks initially sold off after senate majority leader harry
a positive turn in the fiscal cliff crisis. house republicans agree to meet sunday night to resume talks after a day of finger-pointing and complaining in washington. on wall street, fiscal fears created whiplash for investors: a big stock market sell-off and then bounce back on word that lawmakers are springing back into action. and, if you used your smartphone to shop this christmas, you're in fashion. it was the year's top retail trend. we have that and more tonight on "n.b.r."! a...
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cliff. without a deal, taxes are said to go up on every american. sherrie johnson is here with the latest. >>> talks continue this morning about 11:00, so far there is no deal. republicans and democrats negotiated all weekend with the hope of passing legislation that will protect most people from a massive tax hike set to kick in tonight. there was optimism when the republican leader in the senate, mitch mc connell, made an offer, it ended when harry reid said he couldn't precepts a counter proposal. joe biden is playing a direct role in the talks. they remain at odds over the across the board cuts to government programs and defense set to go in to effect. they are divided on taxes. the white house wants to raise rates on people making more than 250,000 dollars a year. republicans would like to keep the estate tax from going over. >> we have to make sure taxes on middle class families don'ts go up that would hurt our economy badly. >> i placed a call to the vice president, to see if he could
cliff. without a deal, taxes are said to go up on every american. sherrie johnson is here with the latest. >>> talks continue this morning about 11:00, so far there is no deal. republicans and democrats negotiated all weekend with the hope of passing legislation that will protect most people from a massive tax hike set to kick in tonight. there was optimism when the republican leader in the senate, mitch mc connell, made an offer, it ended when harry reid said he couldn't precepts a...
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on this fiscal cliff, i think a lot of republicans will move towards that $250,000 number. 24e may not like the president's deal or his approach, but both sides want to extend middle class tax rates. that's the key. both parties agree they want to extend to a certain threshold middle class tax rates. it's all about where that ball ends pup. >> so you think republicans will go for $250,000. >> i don't think the republican leadership will agree on $250,000, but you will see as many republicans move towards $250,000, maybe a scattering in the senate, a scattering in the house, because at the end of the day they want to extend as many rates as possible. >> but, richard, the real question here, they don't have to agree to $250,000 but they have to let a vote happen on $250,000. in of that case mitch mcconnell would have to agree not owe filibuster and speaker boehner would have to allow the bill to come to the floor. it's 9 process disagreements. >> i may not be the only person who is getting confused on the optimist/pessimist signals. let's listen to what we heard from a couple senators. f
on this fiscal cliff, i think a lot of republicans will move towards that $250,000 number. 24e may not like the president's deal or his approach, but both sides want to extend middle class tax rates. that's the key. both parties agree they want to extend to a certain threshold middle class tax rates. it's all about where that ball ends pup. >> so you think republicans will go for $250,000. >> i don't think the republican leadership will agree on $250,000, but you will see as many...
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with them right now the fiscal cliff is coming and we're all going to shoot off the fiscal cliff like thelma and louise and we're holding hands with grover norquist and everybody's crying mostly because the lose in the sixty six thunderbird to the grand canyon but the republicans even though they lost the election even though they lost seats in the house and lost seats in the senate they still refused to negotiate and they're being held hostage by their far right wing and that hasn't changed and it might might change next year but i don't i don't think so and loose with what about the polarization let's say in france right now after the election because the sitting president is not very popular right now. it's complicated because you you get a kind of windshield wiper effect in france you get one we can which the president sporty and the president himself are doing extremely badly for instance you have the steel works. with mr lakshmi mittal the fact that basically the president and the prime minister the minister for industry all had different theories about what to do and how to try
with them right now the fiscal cliff is coming and we're all going to shoot off the fiscal cliff like thelma and louise and we're holding hands with grover norquist and everybody's crying mostly because the lose in the sixty six thunderbird to the grand canyon but the republicans even though they lost the election even though they lost seats in the house and lost seats in the senate they still refused to negotiate and they're being held hostage by their far right wing and that hasn't changed...
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the president has repeatedly blamed republicans for the fiscal cliff stalemate and now, he is doubling down on that criticism. on "meet the press," president obama continued his public campaign to pressure congress. >> if congress doesn't act, then everybody's taxes go up. and for the average family that could mean a loss of $2,000 in income and the whole economy could slow down at a time went economy's actually starting to pick up. >> reporter: he, again, called on lawmakers to strike a deal or hold a vote on his plan, which would raise tax rates on wealthy americans, a major sticking point for republicans. >> the way they're behaving is that their only priority is making sure that tax breaks for the wealthiest americans are protected. that seems to be their only overriding, unifying theme. >> reporter: after the interview, republican leaders accused the president of assigning blame instead of leading. >> when they say leadership falls on you, mr. president, you don't have a role here in breaking this impasse? you have had a tough go with congress. >> david, at a certain point, if fol
the president has repeatedly blamed republicans for the fiscal cliff stalemate and now, he is doubling down on that criticism. on "meet the press," president obama continued his public campaign to pressure congress. >> if congress doesn't act, then everybody's taxes go up. and for the average family that could mean a loss of $2,000 in income and the whole economy could slow down at a time went economy's actually starting to pick up. >> reporter: he, again, called on...
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our big story, america has gone over the fiscal cliff. now the country awaits a vote in congress. >> there was a plan from the senate, but the republican- controlled house has yet to vote on the deal. jennifer johnson has the details. >> a tense new year for house speaker john boehner as he meets with fellow republicans over whether to ok the fiscal cliff bill passed overwhelmingly by the senate. >> gop leaders have not agreed to allow the house to vote or amended the bill. >> i think more members want this to pass them and are willing to vote for it. you have to be practical about what is the best thing you can do given the circumstances. >> vice president joe biden back >> vice president joe biden back on the hill
our big story, america has gone over the fiscal cliff. now the country awaits a vote in congress. >> there was a plan from the senate, but the republican- controlled house has yet to vote on the deal. jennifer johnson has the details. >> a tense new year for house speaker john boehner as he meets with fellow republicans over whether to ok the fiscal cliff bill passed overwhelmingly by the senate. >> gop leaders have not agreed to allow the house to vote or amended the bill....
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Dec 29, 2012
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what is the threshold that republicans are willing to take to avert the fiscal cliff. there's their 400,000. so everyone who makes $400,000 their taxes would stay the same. would that be acceptable. if there is no deal to be reached we do know that harry reid will try to move forward on monday with the bill for those making $250,000 or below. so that's what we need to see how it will work there. there are types of sweeteners they can do. mitch mcconnell is a tough place and this is the underreported part of the story. he has to figure out a deal that gets through the senate and doesn't make john boehner look too bad in the house and there are a lot of conservatives in the house that don't want to do any type of deal that would raise taxes on anybody even though they'll go up on the entire country the first tax hike in 20 years after monday night. >> and one would also assume that mitch mcconnell would have to back a grant, he could face a primary fight if this thing -- >> you touched on one of the great sub plots of these entire negotiations is personal things that boe
what is the threshold that republicans are willing to take to avert the fiscal cliff. there's their 400,000. so everyone who makes $400,000 their taxes would stay the same. would that be acceptable. if there is no deal to be reached we do know that harry reid will try to move forward on monday with the bill for those making $250,000 or below. so that's what we need to see how it will work there. there are types of sweeteners they can do. mitch mcconnell is a tough place and this is the...
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Dec 27, 2012
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the republicans begin playing games with the debt ceiling, that would be fiscal suicide. we breakthrough the debt ceiling, we're talking depression. not a quick recession. it would be the single stupidest and most damaging act of sabotage in american history. and it cannot be allowed to happen. and here, hopefully to tell me why it will not happen is alice, who probably knows more about the budget and the budget deals than probably anybody else alive. she's appointed to president obama's national commission on fiscal responsibility and reform. and she's currently a senior fellow at the brookings instituti institution. thank you for being here tonight. >> happy to be here. >> you know much more about this than i do. you heard the intro, is there anything you want to add or correct anyway you see the fiscal cliff that you think people should know about? >> i thought your five points were good ones, especially the one about austerity, what we're talking about now is doing something really stupid as you said, and letting the wrong policies go into effect. too much deficit red
the republicans begin playing games with the debt ceiling, that would be fiscal suicide. we breakthrough the debt ceiling, we're talking depression. not a quick recession. it would be the single stupidest and most damaging act of sabotage in american history. and it cannot be allowed to happen. and here, hopefully to tell me why it will not happen is alice, who probably knows more about the budget and the budget deals than probably anybody else alive. she's appointed to president obama's...
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cliff is going to hit soon and this is the best deal we are quite yet. after that comment on the house republicans and house democrats that will need both of them to come up and vote for this thing, to get through on the house. the schedule is still a little murky. we don't know when the senate will vote on this. it will likely go first here in the senate, and then it is up to the house and the pressure is beginning to get signoff on this thing. >> that seems to be the big question. we have the video of the podium which is where we hope to get some kind of statement from someone in the senate. but it's the house leadership, nancy pelosi will have to sell liberal democrats on the idea. but eventually having to take place and then of course john boehner would have to sell house republicans on the fact that there may not be extension of cuts and they are going to be tax increases. >> exactly. and if you think of the alternative here, if liberal democrats don't like where the threshold is, they sit on their hands and get what they want and more and more. and
cliff is going to hit soon and this is the best deal we are quite yet. after that comment on the house republicans and house democrats that will need both of them to come up and vote for this thing, to get through on the house. the schedule is still a little murky. we don't know when the senate will vote on this. it will likely go first here in the senate, and then it is up to the house and the pressure is beginning to get signoff on this thing. >> that seems to be the big question. we...
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Dec 29, 2012
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that's different from the fiscal cliff. >> well, they are intertwined. i mean, they are not separate entities and the issue here is the language that he used. he conflated republicans holding their own children hostage and then murdering them. imagine if a republican had said something like that. but you don't hear about it. you hear about it here -- >> because we put it here on fox news. i like to play the game deal or no deal -- >> taken. >> sorry. >> juliette, we are going to begin with you. >> okay. >> let me know what you think -- deal or no deal by the deadline? >> no deal like lindsay graham says. the meeting was political theater. >> andrea. >> no deal. he doesn't want one. [laughter] >> unfortunately, there probably will be something in early january -- >> with the parachute or not? >> it will be, whatever it is, it will be a bad deal for everybody. >> squishy republicans i. you are mad at republicans, you are mad at democrats. >> i am mad at lawmakers in d.c. -- >> i think you are going to say deal. >> i don't think there will be a deal before
that's different from the fiscal cliff. >> well, they are intertwined. i mean, they are not separate entities and the issue here is the language that he used. he conflated republicans holding their own children hostage and then murdering them. imagine if a republican had said something like that. but you don't hear about it. you hear about it here -- >> because we put it here on fox news. i like to play the game deal or no deal -- >> taken. >> sorry. >> juliette,...
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gregg: as washington debates the fiscal cliff we are also days away from another financial crisis. the u.s. government is poised to hit its debt limit on monday. what happens if congress doesn't raise the debt sealing? douglas holtz ee eakin is a former director of the nonpartisan budget direction office and is president of american action firearm. thapblgs for being with us. what happens if they don't raise the ceiling? >> ultimately congress has to raise the ceiling. it's simply naive to believe you could ever put the level of spending kick quickly become to the level of revenues and not have to borrow some more. it doesn't have to happen until february or march. ment soak of the treasury has a lot of tools available to push off when you actually hit the debt limit. waoes going the's going to do that and run the usual bag of tricks to avoid the debt ceiling. gregg: timothy geithner can move money around between now and february. we don't really need to panic, do we? >> no, you don't need to panic. essentially the he secretary of the treasury will raid retirement funds them apprai
gregg: as washington debates the fiscal cliff we are also days away from another financial crisis. the u.s. government is poised to hit its debt limit on monday. what happens if congress doesn't raise the debt sealing? douglas holtz ee eakin is a former director of the nonpartisan budget direction office and is president of american action firearm. thapblgs for being with us. what happens if they don't raise the ceiling? >> ultimately congress has to raise the ceiling. it's simply naive...
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Dec 30, 2012
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that's different from the fiscal cliff. >> well, they are intertwined. i mean, they are not separate entities and the issue here is the language that he used. he conflated republicans holding their own children hostage and then murdering them. imagine if a republican had said something like that. but you don't hear about it. you hear about it here -- >> because we put it here on fox news. i like to play the game deal or no deal -- >> taken. >> sorry. >> juliette, we are going to begin with you. >> okay. >> let me know what you think -- deal or no deal by the deadline? >> no deal like lindsay graham says. the meeting was political theater. >> andrea. >> no deal. he doesn't want one. [laughter] >> unfortunately, there probably will be something in early january -- >> with the parachute or not? >> it will be, whatever it is, it will be a bad deal for everybody. >> squishy republicans i. you are mad at republicans, you are mad at democrats. >> i am mad at lawmakers in d.c. -- >> i think you are going to say deal. >> i don't think there will be a deal before
that's different from the fiscal cliff. >> well, they are intertwined. i mean, they are not separate entities and the issue here is the language that he used. he conflated republicans holding their own children hostage and then murdering them. imagine if a republican had said something like that. but you don't hear about it. you hear about it here -- >> because we put it here on fox news. i like to play the game deal or no deal -- >> taken. >> sorry. >> juliette,...
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Dec 26, 2012
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to work, another sign of inaction on the fiscal cliff front. joining me now for our daily fix, mr. jonathan capehart, msnbc contributor and "washington post" editorial writer. jonathan, we're just six days away, no indication from house republicans that they are going to come back any time soon. the leadership has gone mum on that. we know there's not been communication between boehner and mcconnell, obama and boehner. are you amazed with this short amount of time to go there seems to be no sense of urgency on either side? >> am i amazed, given what we went through with the debt ceiling, no, i'm not amazed. i think there are forces here in this town that would like for us, sure people would like for there to be a deal, but going over the cliff on january 1st when there's this notion where it's not really a cliff, it's a slope, it's a curb depending who you talk to, that you can repair the damage if you get a deal done, you know, a few days after january 3rd. i think people feel like they can slow walk. as we saw last week when plan b failed, yo
to work, another sign of inaction on the fiscal cliff front. joining me now for our daily fix, mr. jonathan capehart, msnbc contributor and "washington post" editorial writer. jonathan, we're just six days away, no indication from house republicans that they are going to come back any time soon. the leadership has gone mum on that. we know there's not been communication between boehner and mcconnell, obama and boehner. are you amazed with this short amount of time to go there seems to...
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Dec 31, 2012
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this is the final day of the fiscal cliff countdown. the possibility of tax hikes, spending cuts, and a recession all looming at midnight. democrats and republicans turning to their so-called closers to cut a compromise deal. vice president joe biden, senate minority leader mitch mcconnell working behind closed doors, two men who have worked together for 20 years. the ho use and senate back in session in just a few hours. we're not seeing much progress. one significant stumbling block has been sidestepped. republicans reported dropping their demand to slash social security cost of living increases, the chain cpi that had been briefly on the table. what are the chances we'll get the deal done today? let's listen to republican congressman jason chaffetz earlier on "starting point." >> the united states senate hasn't passed a budge net four years. they have not brought up a single thing for vote on this particular bill. come on, the senate has got to do their job. that's how it works around here. >> more of the same old blame game. senator
this is the final day of the fiscal cliff countdown. the possibility of tax hikes, spending cuts, and a recession all looming at midnight. democrats and republicans turning to their so-called closers to cut a compromise deal. vice president joe biden, senate minority leader mitch mcconnell working behind closed doors, two men who have worked together for 20 years. the ho use and senate back in session in just a few hours. we're not seeing much progress. one significant stumbling block has been...
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Dec 30, 2012
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working behind closed doors to avoid the so- called fiscal cliff. he and majority leader harry reid are working on a scaled- down agreement that focuses on avoiding a middle class tax hike. the plan is to prevent it to the full senate for a vote on sunday, then send it over to the house. house speaker john boehner was also at the capitol but left with no comment. both sides remain at odds over the democrats' insistence that the wealthy pay more in taxes. >> the president's tax hike would only fund the government for eight days. americans deserve to know, what does the president propose we do for the other 357 days of the year? >> reporter: president obama insists his plan on the table is fair. and it includes plenty of cuts to government spending. >> we just can't afford a politically self-inflicted wound to our economy. >> reporter: if sunday's negotiations don't pan out, the president says he's ready to propose his own scaled-back tax bill that would block tax increases for all but the wealthy and preserve expiring unemployment benefits. >> for th
working behind closed doors to avoid the so- called fiscal cliff. he and majority leader harry reid are working on a scaled- down agreement that focuses on avoiding a middle class tax hike. the plan is to prevent it to the full senate for a vote on sunday, then send it over to the house. house speaker john boehner was also at the capitol but left with no comment. both sides remain at odds over the democrats' insistence that the wealthy pay more in taxes. >> the president's tax hike would...
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Dec 28, 2012
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now, is there a value to kicking the can down the road in avoiding the fiscal cliff? yes. but if they go over the cliff and then fix it in the next week with another stopgap, is there any real harm? who knows. if that make it is easier for republicans to vote for it, is it a disaster? probably not. but understand we had seven weeks in which we could have a done a big deal which would have gotten the debt under control, would have caused the economy to -- it would have been a catalyst to have this economy take off, and we blew it. we blew it. >> you know, governor dean, to that point here we are essentially looking over the abyss of the fiscal cliff, and i know you have said in the past let's just go over the cliff and start from scratch. do you still think that's the way to go? >> i do. actually, i hope they never come to a deal because this is the best deficit reduction package the democrats are ever going to get. but let's look at what really is going to happen here. i would be more surprised if they came to a deal in the next five days than i was by the roberts vote on
now, is there a value to kicking the can down the road in avoiding the fiscal cliff? yes. but if they go over the cliff and then fix it in the next week with another stopgap, is there any real harm? who knows. if that make it is easier for republicans to vote for it, is it a disaster? probably not. but understand we had seven weeks in which we could have a done a big deal which would have gotten the debt under control, would have caused the economy to -- it would have been a catalyst to have...
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to be going over the fiscal cliff. but for you, what's -- what sort of your cut-off point where you think that this gets to the point where the implications for the economy are extremely serious? >> well, i think we need to not -- we've got to stop with the artificial deadlines and i mean this is serious. it's been serious for months. we need to come together. president obama has a $4 trillion deal on the table that would be balanced in terms of increasing the tax rates on the wealthiest americans. significant spending cuts and has even proposed more -- several hundred billion in entitlement savings. if we can come together and put together a balanced agreement, then we can avoid this. and move on to focusing on the job creation and getting the economy turned around that we should all be working together towards. >> but whatever happens, would it be fair to say that you've got much bigger fish to fry, so to speak, in the new year? i mean, it's not going to be the grand bargain. there's going to be a lot of talk of enti
to be going over the fiscal cliff. but for you, what's -- what sort of your cut-off point where you think that this gets to the point where the implications for the economy are extremely serious? >> well, i think we need to not -- we've got to stop with the artificial deadlines and i mean this is serious. it's been serious for months. we need to come together. president obama has a $4 trillion deal on the table that would be balanced in terms of increasing the tax rates on the wealthiest...
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Dec 28, 2012
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." >>> perhaps an ominous sign for democrats, some republicans are looking past the fiscal cliff entirely and getting ready for the next fight. senator bob corker spoke moments ago on capitol hill. >> we immediate to do something in the 4 1/2 to $5 trillion range. so we can begin this year with this and in the rear view mirror and our economy really has the opportunity to take off. i think it is apparent that on these -- december 29 without anything that's bold in place, that's probably not going to happen. so, unfortunately, for america, the next line in the sand will be the debt ceiling. secretary geithner sent up a letter. it is probably around mid march action has to be taken. >> we are going to keep an eye on that. he will keep talking. we will bring you the highlights. first, though, this is going to be pretty hot. we have singer/songwriter, a man you are going to want to hear from whose biography could serve as a life lesson in and of itself. john forte joins us next on "now." >>> john forte grew up in brooklyn and made it to exeter academy on a violin scholarship and was a bram an
." >>> perhaps an ominous sign for democrats, some republicans are looking past the fiscal cliff entirely and getting ready for the next fight. senator bob corker spoke moments ago on capitol hill. >> we immediate to do something in the 4 1/2 to $5 trillion range. so we can begin this year with this and in the rear view mirror and our economy really has the opportunity to take off. i think it is apparent that on these -- december 29 without anything that's bold in place,...
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Dec 24, 2012
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fiscal cliff a week away for the first time some lawmakers say we could go over. >> first time it is more likely we will go over the cliff than not if we allow that it will be the most colossal consequential act of congressional irresponsibility in a long time. >> president obama remains in hawaii for christmas, says he will cut his vacation short to try and hammer out a deal. negotiations returned to square one last week after boehner failed to get support for his own plan. some say it is likely last minute negotiations will force them to stay on capitol hill on new year's eve. >>> 6:17. let's find out what the weather going to be looking like. >> today dry for sure. one whole day, maybe half a day tomorrow. >> thank you. >> that's a giving spirit, isn't it? clear look from sutro tower towards the east bay hills, doppler still spinning waiting for that next storm to come from the wet tomorrow, right now it is quiet and that is good except for the fog forming. russian river still have a flood watch for this at guerneville, going to peak at 5 o'clock tonight, a little over 30 feet, fl
fiscal cliff a week away for the first time some lawmakers say we could go over. >> first time it is more likely we will go over the cliff than not if we allow that it will be the most colossal consequential act of congressional irresponsibility in a long time. >> president obama remains in hawaii for christmas, says he will cut his vacation short to try and hammer out a deal. negotiations returned to square one last week after boehner failed to get support for his own plan. some...
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Dec 27, 2012
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they are considering some legislation not related to the fiscal cliff. i asked a spokesman and no response. i did hear that they have two republican senators in maine. what kind of advice are members of congress getting for traveling? they are getting the same advice as we get. take a listen. >> we would tell a member of congress the same thing we would tell any other traveler. check with their airlines before they head for the airport. things here in washington are in real good shape for their arrival. let's check in with nana to see if those numbers will have any problems getting all. >> we are in pennsylvania. we had to stop here because road conditions deteriorated so quickly last night. i wanted to mention this, the first winter storm of 2012 is now claiming 15 lives. this is expected to dump a couple of feet and snow in some places. it looks like it is only 4 inches here at the moment. the totals were not where they have been in years past. i did speak with the borough president here in clarks summit. because of the lack of snow last year, it reall
they are considering some legislation not related to the fiscal cliff. i asked a spokesman and no response. i did hear that they have two republican senators in maine. what kind of advice are members of congress getting for traveling? they are getting the same advice as we get. take a listen. >> we would tell a member of congress the same thing we would tell any other traveler. check with their airlines before they head for the airport. things here in washington are in real good shape for...
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on the fiscal cliff. republicans have been resisting that by announcing the debt ceiling limit will be held on monday, ratchets up the pressure to include the debt ceiling piece in the final package, whatever that may be, but still not clear, carl, there is going to be a final package of any kind. one quick note, we saw the realism. pact in the real world of the debt situation. treasury announcing yesterday it has suspended the sale of state and local government securities, government series securities. so already, they are doing some maneuvering here financially to try to avoid that debtly limit. the treasury secretary says he doesn't know how much wiggle room they are going to have, given that all the fiscal cliff uncertainty is out there. >> eamon, on this idea that the house members get called back with 48 hours' notice. traders are looking for that headline if it happens almost that bleed out there or procedural moment where that is announced, so to speak? >> a good question. i have been in touch wit
on the fiscal cliff. republicans have been resisting that by announcing the debt ceiling limit will be held on monday, ratchets up the pressure to include the debt ceiling piece in the final package, whatever that may be, but still not clear, carl, there is going to be a final package of any kind. one quick note, we saw the realism. pact in the real world of the debt situation. treasury announcing yesterday it has suspended the sale of state and local government securities, government series...